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Gluten Free Market For Sale
Location California,United States
Asking Price Range < $250K
Gross Revenues $576000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2007
Number of Employees 6 - 9
Inventory 200000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will provide training
Reason for Sale Time to retire
Description Price Reduced to $89,000 plus Inventory!
Established in 2008 this business has enjoyed year-to-year growth with total revenues in 2011 of $576,379, 2010 of $506,346 and 2009 of $340,050. Located on "Main Street" in a south Orange County beach city.
- Employees operate the store with little owner supervision.
- A new long-term current market rate lease is available to buyer.
- More than $200,000 has been invested in furniture, fixtures and equipment including a state-of-the-art POS system.
- Books and records available for inspection, verifiable by state of the art POS system and sales tax returns.
Opportunities for growth include:
- Using a customer list of over 2,000 buyers specials, sale items and even recipes can be shared.
- A web site has been developed but needs stronger promotion since most customers come to the store to shop.
- The business has been developed to franchise so it has strong potential for additional units.
- Absentee owner approximately $25-30k a year positive cash flow with manager being paid approximately $20,000 so an owner operator should have a $45-50k cash flow without changing anything.
- Very little competition, none within 20+ miles.
- Trained, friendly, knowledgably employees with very little turn-over.
- Fun, helpful environment.
- High repeat customer base comes from as far as 30 miles away and some online business
Competitive edge: growing number of new customers diagnosed with disease that is hereditary and incurable requiring specialized diet to maintain wellness.
Asking price $89,000 plus approximately $25,000 inventory at cost. Buyer will need FICO score above 780 and approximately $50,000 in cash including working capital and deposits. For more information contact Rick Eggleton at 949/788-7775. Buyer Profile and NDA required. Broker co-operation, please call.
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